Rush Enterprises, Inc.NASDAQ
Rush Enterprises Is Oversold And A Great Opportunity
Alpha Gen Capital
Alpha Gen Capital
Thu, Dec. 1, 1:16 PM
- Rush Enterprises (NASDAQ:RUSHA) announced that its Board of Directors approved a new stock repurchase program, up to an aggregate of $40M of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share.
- “I am very pleased that we were able to complete our prior $40M stock repurchase program and am excited about our new $40M stock repurchase program,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of the Company. “We continue to believe that purchasing our common stock represents an attractive opportunity for both the Company and its shareholders and the new stock repurchase program reflects not only our confidence in the Company’s future growth, but also our continued commitment to return capital to our shareholders.”
- The new stock repurchase program expires on November 30, 2017, and may be suspended or discontinued at any time.
- Press Release
Thu, Oct. 27, 12:50 PM
Thu, Oct. 27, 10:56 AM
- Rush Enterprises (RUSHA +11.8%) trades higher after a healthy Q3 earnings beat amid a sluggish business environment for the company.
- "We are seeing a positive impact from our broad-reaching expense reductions implemented earlier this year and will remain diligent in controlling expenses," says CEO Rusty Rush.
- Rush's Class 8 sales fell 32% during the quarter and accounted for 6.5% of the U.S. Class 8 truck market.
- Previously: Rush beats by $0.07, beats on revenue (Oct. 26)
- Shares of Rush hit a 52-week high of $26.22 earlier.
Wed, Oct. 26, 4:50 PM
Mon, Oct. 10, 11:18 AM
- Manheim reports wholesale used vehicle prices were flat M/M and up 1.7% Y/Y in September to a reading of 126.9. The pickup and van segment showed the biggest gain across the different classes.
- "The continued strength in wholesale pricing is largely explained by current and past increases in new vehicle transaction prices – even after adjusted for mix shifts," notes Cox automotive economist Tom Webb.
- Used unit retail sales rose 4.7% YTD through the end of August.
- Related stocks: PAG, AN, CRMT, SAH, LAD, ABG, KMX, CPRT, RUSHA, RUSHB.
Tue, Jul. 26, 4:36 PM
Fri, Jul. 8, 6:05 PM
- Vehicle dealership network Rush Enterprises (RUSHA +4.3%) has named Michael McRoberts as senior VP and chief operating officer.
- The move's effective immediately, and McRoberts will take over all operations, including sales of aftermarket parts, service and body shop operations and the Company’s vehicle up-fitting, CNG fuel systems and vehicle telematics business.
- Corey Lowe (senior VP of Peterbilt Dealerships) and Richard Ryan (senior VP of Navistar Dealerships) will report to McRoberts, while McRoberts will report to Chairman/CEO W.M. "Rusty" Rush.
- McRoberts has been with Rush since 2011 in various senior management roles.
Wed, May 25, 8:57 AM
- An analysis of data from LendingTree suggests that millennials want to drive and own cars.
- "The share of millennial auto loan requests has climbed from roughly 27 percent in early 2013 to about 34 percent in 2016, suggesting a return of younger buyers to the car market," concludes Lending Tree after diving into loan requests.
- On a volume basis, the most popular cars that millennials requested a loan for were the Nissan Altima, Dodge Charger, Honda Accord, Chevrolet Impala, and Chevrolet Tahoe. Millennials opted for used vehicles at a slightly higher clip than older drivers, 46% vs. 44%.
- The crush of major automaker-tech firm partnerships (Toyota-Uber, GM-Lyft, Fiat-Google, Volkswagen-Gett) popping up is predicated in part on a younger generation attuned to ride-sharing and ride-hailing. There's also been an assumption by some analysts of a topping out of U.S. auto demand this year or next due in part to millennial disinterest.
- Related automaker/auto retailer stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:FUJHF.
Wed, Apr. 20, 11:33 PM
- Rush (NASDAQ:RUSHA): Q1 EPS of $0.18 beats by $0.01.
- Revenue of $1.07B (-10.1% Y/Y) in-line.
Wed, Mar. 16, 10:23 AM
- The percentage of BMW (OTCPK:BAMXY) vehicles either leased or financed went to 46.3% in 2015 from a level of 41.8% just a year prior, observes Bloomberg Gadfly. A massive jump for a short time period.
- Though the company isn't suffering from some of the delinquency issues that are picking up in the automobile industry (see subprime concerns for lenders, auto retailers, and Detroit majors), there could be implications down the road as a glut of vehicles come off their leases.
- Across the industry, vehicle leasing as a percentage of sales rose to 32.3% in February vs. the average of 28% in 2015. That's a development that could add to pricing pressure down the road for high-end and mass market brands as a higher percentage of vehicles come off their leases.
- Related stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F.
Tue, Mar. 15, 10:53 AM
- There's sharp losses in the auto dealer sector today. The negative stance from investors could be a reaction to increasing concerns on subprime auto loans.
- Decliners: Penske Automotive (PAG -4.4%), Sonic Automotive (SAH -4%), Asbury Automotive (ABG -2.8%), CarMax (KMX -3.3%), Lithia Motors (LAD -3.6%), AutoNation (AN -3.7%), Group 1 Automotive (GPI -2.3%), Rush Enterprises (RUSHA -1.9%).
- Previously: Shades of subprime flash warning for auto sales (Mar. 14 2016)
- Previously: Subprime auto worry hits lenders (Mar. 15 2016)
Tue, Feb. 9, 6:20 PM
- Rush (NASDAQ:RUSHA): Q4 EPS of $0.24 may not be comparable to consensus of $0.44.
- Revenue of $1.16B (-14.1% Y/Y) misses by $100M.
Thu, Jan. 7, 6:57 PM
- RBC Capital and Stephens both came out bearish on the transportation and trucking sector, with RBC analyst John Barnes calling his outlook the most difficult report he had written since the Great Recession, citing confusing signals on the economy and earnings growth that likely will be "uninspiring."
- Barnes downgraded Old Dominion Freight Line (NASDAQ:ODFL), Swift Transportation Company (NYSE:SWFT), Ryder Systems (NYSE:R) and Rush Enterprises (NASDAQ:RUSHA) to Sector Perform from Outperform, and Heartland Express (NASDAQ:HTLD) to Underperform from Sector Perform.
- Stephens analyst Brad Delco cut near-term and longer-term estimates on less-than-truckload names, citing weaker demand trends and the higher fixed cost structure of LTL business models relative to truckload.
- Delco downgraded ArcBest (NASDAQ:ARCB) and Saia (NASDAQ:SAIA) to Equal Weight from Overweight as he favors truckload names over LTL in the current environment, but he maintained his Overweight rating on ODFL as he remains constructive on the best-in-breed name, which he believes can continue taking market share to offset broader market weakness.
Oct. 20, 2015, 5:24 PM
- Rush (NASDAQ:RUSHA): Q3 EPS of $0.48 beats by $0.01.
- Revenue of $1.29B (+4.0% Y/Y) in-line.
Jul. 21, 2015, 4:44 PM
- Rush (NASDAQ:RUSHA): Q2 EPS of $0.48 beats by $0.01.
- Revenue of $1.33B (+12.7% Y/Y) beats by $110M.
Apr. 21, 2015, 4:17 PM
- Rush (NASDAQ:RUSHA): Q1 EPS of $0.41 beats by $0.03.
- Revenue of $1.19B (+24.1% Y/Y) beats by $30M.